$SUI 40% WEEKLY MOVE. PULLBACK OR NEXT LEG? ๐ bullish
SUI just delivered one of the strongest moves among major Layer-1s, but todayโs pullback is where the chart gets interesting.
Trade Setup โ SUI/ USDT
๐ข Bullish trigger: reclaim the recent breakdown area
๐ฏ Targets: retest the recent high โ breakout continuation
๐ Invalidation: sustained break below the recent swing support
SUI/USDT โ BULLISH ๐
24h high: $1.2969
24h low: $1.1754
24h change: -6.77%
24h volume: ~$711.4M USDT ๏ฟฝ
So SUI is currently sitting just above $1.17โ$1.18, after pulling back from the ~$1.29 high.
Bullish above $0.98
Key support: $0.94
Targets: $1.15 โ $1.25
The bigger picture still has momentum: SUI traded well above its 20D and 50D trend references after a major weekly expansion. But after a move this large, chasing the candle is risky.
The key: buyers need to prove that this is a pullback not the beginning of a deeper retracement.
#SUI๐ฅ I #SuiNetwork
SUI just delivered one of the strongest moves among major Layer-1s, but todayโs pullback is where the chart gets interesting.
Trade Setup โ SUI/ USDT
๐ข Bullish trigger: reclaim the recent breakdown area
๐ฏ Targets: retest the recent high โ breakout continuation
๐ Invalidation: sustained break below the recent swing support
SUI/USDT โ BULLISH ๐
24h high: $1.2969
24h low: $1.1754
24h change: -6.77%
24h volume: ~$711.4M USDT ๏ฟฝ
So SUI is currently sitting just above $1.17โ$1.18, after pulling back from the ~$1.29 high.
Bullish above $0.98
Key support: $0.94
Targets: $1.15 โ $1.25
The bigger picture still has momentum: SUI traded well above its 20D and 50D trend references after a major weekly expansion. But after a move this large, chasing the candle is risky.
The key: buyers need to prove that this is a pullback not the beginning of a deeper retracement.
#SUI๐ฅ I #SuiNetwork